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Senior Manager, Cost Accounting

BioMarin Pharmaceutical Inc.

Any City, USHybridPosted 17 days ago
Full TimeSenior LevelCorporate FunctionsBiotechnology
Original posting ↗

Summary

BioMarin is seeking a highly motivated Senior Manager to join our Technical Operations (TOPS) Finance team. The TOPS Finance team has responsibility for global FP&A, manufacturing accounting, plant controllership and ERP implementation support. This position will be a key member of a cross-functional team, collaborating extensively with regional and global finance colleagues and technical operations teams. Specific responsibilities will include inventory costing, excess & obsolescence, SOX compliance, USGAAP audits, intercompany profit elimination, cost of goods sold and balance sheet reconciliations. This role will be an active participant in key areas across all pillars of the TOPS Finance organization including the development of team members.

Job description

Responsibilities

  • Maintain internal controls for inventory accounting, in line with corporate policy, US GAAP and SOX requirements. Responsible for all aspects of SOX, internal and external audits for inventory for the US entity.
  • Responsible for accuracy of inventory balances including correct treatment of commercial and clinical inventory, assessment of excess & obsolescence and elimination of profit in inventory.
  • Ensure accurate inventory costing and overhead absorption for each stage of the manufacturing process from raw material purchases through to finished goods and COGS recognition.
  • Monitor internal campaign manufacturing, production schedules and variations in cost of manufacturing. Ensure timely understanding and communication of any risks to COGS forecasts.
  • Provide support to, and actively participate in, the ERP improvement projects as and needed.
  • Responsible for period close activities for US entity including validation of cost of goods sold entries, appropriate treatment of operating overhead, balance sheet reconciliations in accordance with US GAAP and submission of close deliverables.
  • Responsible for meeting monthly and quarterly deadlines to ensure hand-offs to other finance functions including SEC and Tax reporting, Controller reviews and TOPS business partner reviews.
  • Responsible for setting annual Standard Costs, evaluating the annual inventory revaluation and amortization schedules.
  • Assist with preparation of consolidated financial management reporting for TOPS for balance sheet and P&L areas.
  • Perform analysis and reporting for manufacturing waste, variances, inventory efficiency KPIs, PII (profit in inventory) and I/C elimination/reconciliation.
  • Establish key working relationships with corporate colleagues, particularly Tax, FP&A, GL Accounting, and ERP support teams.
  • Provide coaching for junior staff, assess development opportunities to keep team engaged and motivated.

Education

  • Bachelor's degree in Accounting or related field is required. Certified Public Accountant (CPA) or equivalent is desired.

Experience

  • Minimum five years' experience in a manufacturing business with audited financial statements. Experience in manufacturing accounting with an integrated ERP system essential.
  • Demonstrate experience in leading process improvement initiatives and working on own initiative.
  • Experience of US GAAP, Sarbanes Oxley, and internal control environment essential.
  • Demonstrate cross-functional collaboration across finance and business functions to resolve business and finance critical issues.

Workstyle

Role may be performed remotely; however, if you live within 100 miles of our HQ in San Rafael, CA, the role reverts to hybrid requiring 2 days onsite - on a weekly basis.

Requirements

  • Bachelor's degree in Accounting or related field
  • Minimum five years' experience in a manufacturing business with audited financial statements
  • Experience in manufacturing accounting with an integrated ERP system
  • Experience of US GAAP, Sarbanes Oxley, and internal control environment
  • Demonstrate experience in leading process improvement initiatives and working on own initiative
  • Demonstrate cross-functional collaboration across finance and business functions

Company overview

BioMarin Pharmaceutical Inc. is a leading global biotechnology company headquartered in San Rafael, California, specializing in the development and commercialization of innovative therapies for rare genetic diseases. Founded in 1997, the company has established itself as a pioneer in enzyme replacement therapies (ERTs) and genetic medicine, with a focus on addressing the root causes of serious, life-threatening conditions primarily affecting children. BioMarin's portfolio includes eight commercial therapies targeting various rare disorders, including mucopolysaccharidosis, phenylketonuria (PKU), achondroplasia, and hemophilia A. The company's groundbreaking work includes being the first to provide therapeutics for mucopolysaccharidosis type I and phenylketonuria. With approximately 3,000-3,500 employees worldwide and operations across North America, Europe, Asia Pacific, and South America, BioMarin maintains a strong commitment to transforming lives through genetic discovery. The company's research and development efforts continue to advance a robust pipeline of product candidates, applying a science-driven, patient-forward approach to address broader groups of genetic disorders.

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